Swift Transportation Co Inc has purchased certain assets of Merit Distribution Services Inc for $76 million. The price includes $26 million for revenue
Sept. 1, 2003
Swift Transportation Co Inc has purchased certain assets of Merit Distribution Services Inc for $76 million. The price includes $26 million for revenue equipment and other assets not part of the original agreement.
Merit has a fleet of 825 tractors and 1,400 trailers; of these, 455 tractors and 1,100 trailers are leased. The firm's main business consists of dedicated regional trucking fleets serving Wal-Mart grocery distribution centers and retail outlets.
The acquisition is expected to add roughly $140 million to Swift's annual revenue, according to Jerry Moyes, the company's chairman and chief executive officer.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Sunswap’s zer0-emission transport refrigeration units with batteries and roof-mounted solar panels are expected to help Tesco meet its sustainability goals.
Innovative new cold storage facility with martime and rail capabilities in New Brunswick, Canada, will be the operator’s sixth Canadian location when it opens in 2026.
